Tech Data (NASDAQ: TECD) reported Q1 EPS of $1.87, $0.50 better than the analyst estimate of $1.37. Revenue for the quarter came in at $7.66 billion versus the consensus estimate of $7.32 billion.

"We are pleased to report an excellent start to fiscal year 2018. During Q1, we leveraged the breadth of our vendor and customer portfolios and the flexibility of our business model to deliver solid top-line growth and excellent profitability," said Robert M. Dutkowsky, chief executive officer. "Our regional teams executed well throughout the quarter, capitalized on market opportunities and surpassed their profitability goals. This enabled Tech Data to exceed our expectations on our key financial metrics, including sales, non-GAAP operating and net income, and non-GAAP earnings per share. In addition, we generated strong operating cash flow and paid down a portion of long-term debt, an important first step in our commitment to deleverage the company. Tech Data delivered these strong results, while at the same time making excellent progress on integrating Technology Solutions - the largest and most transformative acquisition in our company's history. And our first quarter performance – the first as a combined company - is a testament to the outstanding execution capabilities of our operations, the skills and talent of our people, and the strength and diversity of our end-to-end portfolio of IT solutions."

GUIDANCE:

Tech Data sees Q2 2018 EPS of $1.95-$2.08, versus the consensus of $2.10. Tech Data sees Q2 2018 revenue of $8.55-8.80 billion, versus the consensus of $8.46 billion.

For earnings history and earnings-related data on Tech Data (TECD) click here.